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<br />N~302ll.4.III...jl.4.1~1\1
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<br />200601465
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<br />the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make
<br />such a charge. Unless an agreement is made in writing or Applicable Law requires interest to he paid on the Funds.
<br />Lender shall not be required to pay Borrower any Interest or earnings on the Funds. Borrower and Lender can agree
<br />In writing, however, that Interest shall be paid on the Funds. Lender shall give to Borrower, without charge. an
<br />annual accounting of the Funds as required by RESPA.
<br />If there is a surplus of Funds held In escrow, as defined under RESPA, Lender shall account to Borrower for
<br />the excess funds In accordance with RESPA. If Ihere is a shortage of Funds held in escrow, as defined under RESPA,
<br />Lender shall notify Borrower as required by RESP A, and Borrower shall pay to Lender the amount necessary to make
<br />up the shortage In accordance with RESPA, but in no more Ihan 12 monthly payments. If there is a deficiency of
<br />Funds held In escrow, as defined under RESP A, Lender shall notify Borrower as required by RESP A, and Borrower
<br />shall pay to Lender the amount necessary to make up the deficiency in accordance with RESPA. but in no more than
<br />12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument. Lender shall promptly refund to Borrower
<br />any Funds held by Lender.
<br />4. Charges; Liens. Bnrrower sball pay all taxes, assessments, charges, fines. and Impositions attributable to
<br />the Property which can attain priority over this Security Instrument. leasehold payments or ground rents on the
<br />Property. if any, and Community Association Dues. Fees, and Assessments, If any. To the extent that these items
<br />are Escrow Items, Borrower shall pay them in the manner provided In Section 3.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower:
<br />(a) agrees In writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only
<br />so long as Borrower is performing such agreement; (b) contests the lien In good faith by, or defends against
<br />enforcement ofthe lien in, legal proceedings which in Lender's opinion operate to prevent the enforcement ofthe lien
<br />while those proceedings are pending, but only until such proceedings arc conduded: or (c) secures from the holder
<br />of the lien an agreement satisfactory tn Lender subordinating the lien to this Security Instrument. If Lender
<br />determines that any part of the Property is subject to a lien which can attain priority over this Security Instrument.
<br />Lender may give Borrower a notice identifying the lien. Within 10 days of the date on which that notice is given,
<br />Borrower shall satis(y the lien or take one or more of the actions set forth above in this Section 4.
<br />Lender may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting service
<br />used by Lender in connection with this Loan.
<br />5. Property Insurance. Borrower shall keep the Improvements now existing or hereafter erected on the
<br />Property insured against loss by fire, hazards included within the term "extended coverage." and any other hazards
<br />including, but not limited to. earthquakes and floods, for which Lender requires Insurance. This insurance shall be
<br />maintained In the amounts (including deductible levels) and for the periods that Lender requires. What Lender
<br />requires pursuant to the preceding sentences can change during the term of the Loan. The insurance carrier providing
<br />the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which rIght shall
<br />not be exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a one.
<br />time charge for flood zone determination, certification and tracking services; or (b) a one-time charge for flood zone
<br />determination and certification services and subsequent charges each time remappings or similar changes occur which
<br />reasonably might affect such determination or certification. Borrower shall also be responsible for the payment of
<br />any fees imposed by the Federal Emergency Management Agency In connection with the review of any flood zone
<br />determination resulting from an objection by Borrower.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain Insurance coverage, at
<br />Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount
<br />of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's
<br />equity in the Property, or the contents of the Property, against any risk, hazard or liability and might provide greater
<br />or lesser coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so
<br />obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed
<br />by Lender under this Section 5 shall become additional debt of Borrower secured by this Security Instrument. These
<br />amounts shall hear interest at the Note rate from the date of disbursement and shall be payable, with such Interest,
<br />upon notice from Lender to Borrower requesting payment.
<br />All Insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to
<br />disapprove such policies. shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an
<br />additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires,
<br />Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any
<br />form of Insurance coverage, not otherwise required by Lender, for damage to, or destruction of. the Property. such
<br />policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additlonalloss
<br />payee.
<br />In the event of loss, Borrower shall give prompt notice to the Insurance carrier and Lender. Lender may make
<br />proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any
<br />insurance proceeds, whether or not the underlying losurance was required by Lender, shall be applied to restoration
<br />or repair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened.
<br />During such repair and restoratioo perlnd, Lender shall have the right to hold such insurance proceeds until Lender
<br />has had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction,
<br />provided that such inspection shall he undertaken promptly. Lender may disburse proceeds for the repairs and
<br />restoration in a single payment or in a series of progress payments as the work is completed. Unless an agreement
<br />is made In writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be
<br />required to pay Borrower any Interest or earnings on such proceeds. Fees for public adjusters, or other third parties,
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<br />NEBRASKA..Single Family..Fannie Mae/Freddie Mac UNIFORM INSTRUMENT. MERS
<br />Form 3028 1/01 Page 4 of 10
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